USD/SGD 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
During the last 50 hours USD/SGD's trading range has been narrowing, as the currency pair proved to be unable to cross the resistance level at 1.2664, but at the same time each new low was higher than the previous one. If the price breaks out of the pattern to the upside, as suggested by the near-term technical indicators, the U.S. Dollar could try to reach Feb 10 high at 1.2716.
Conversely, if the bulls lose control of the market and the daily studies turn out to be true, the exchange rate will be expected to push through the daily PP and the 200-hour SMA in order to test one of the recent lows near 1.26, where it started the latest rally.

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 21 Feb 2014 07:52:48 GMT

GBP/USD 1H Chart: Descending Triangle

A rally that was initiated on Feb 5 was stopped 100 hours ago, when GBP/USD topped out at 1.6823. And even though since then the currency pair was well-underpinned by the horizontal support level at 1.6637, its every consecutive high was lower than the preceding peak, resulting eventually in appearance of the descending triangle.However, being that this pattern implies continuation

Thu, 20 Feb 2014 11:51:41 GMT

EUR/CAD 4H Chart: Channel Up

Similarly to NZD/CAD, Euro-loonie has also been consistently respecting two parallel rising trend-lines lately. And, judging by the technical studies and the fact that EUR/CAD is presently near the dense demand zone at 1.5037 (weekly PP; 200-period SMA; up-trend), the bias towards this currency pair is strongly bullish as well, since it may reach a level of 1.57 in the

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.